“While margins in gourmet food retail are a little higher, footfalls are not enough to sustain the business. Plus, e-tailers and some of the bigger grocery chains are also stocking niche products today. Even high-end traditional trade outlets are targeting upscale consumers with imported products. So it can be a tough for those specialising in gourmet food retail,”
Partner, Grant Thornton India LLP
This article appeared in Business Standard on 22nd May, 2019.